Whale unstakes 387,000 HYPE from Kinetiq and transfers it to Coinbase—a potential $31.93 million sell-pressure signal worth watching
- OnchainLens monitoring, cited by PANews (reported at 12:42 Beijing time on October 29), shows that a whale unstaked 387,000 HYPE from Kinetiq, a liquid staking protocol in the Hyperliquid ecosystem, and transferred the tokens to Coinbase. The total value was approximately $31.93 million.
- Breaking it down: 100,000 HYPE, worth about $7.57 million, was transferred two days ago; another 100,000 HYPE, worth about $7.86 million, was transferred today; and a further 187,000 HYPE, worth about $16.5 million, had been transferred earlier. Transfers to exchanges are often interpreted as a potential precursor to selling, but no sale has been confirmed, and the wallet's ownership has not been verified.
- For context, HYPE is trading around $80, and the US PCE and GDP data are due at 20:30 tonight. The market is already in a sensitive period, and a large amount of tokens shifting from staked to tradable status adds uncertainty on the short-term supply side.
- This is not an isolated signal: HyperLabs, also in the same ecosystem, recently applied to unstake about 179,700 HYPE. The tokens are expected to arrive on the evening of November 4 and will then be handled according to the team's unlock process. HYPE unlocks and outflows have clearly accelerated recently.
My view: Short-term outlook for HYPE is bearish, as the transfer of 387,000 unstaked tokens to an exchange, combined with tonight's macro data releases, raises the risk of near-term selling pressure.
$HYPE
#巨鲸动向 #Hyperliquid #On-chain fund flows
Source: OnchainLens monitoring (cited by PANews and 0x资讯; reported at 12:42 Beijing time on 2026-10-29). Transfers to an exchange do not mean the tokens have already been sold. Wallet ownership has not been verified. For informational purposes only; not investment advice.
Tap the tag to view real-time prices: Do you think this unstaking wave means the whale is preparing to sell in batches, or simply repositioning its holdings?
- OnchainLens monitoring, cited by PANews (reported at 12:42 Beijing time on October 29), shows that a whale unstaked 387,000 HYPE from Kinetiq, a liquid staking protocol in the Hyperliquid ecosystem, and transferred the tokens to Coinbase. The total value was approximately $31.93 million.
- Breaking it down: 100,000 HYPE, worth about $7.57 million, was transferred two days ago; another 100,000 HYPE, worth about $7.86 million, was transferred today; and a further 187,000 HYPE, worth about $16.5 million, had been transferred earlier. Transfers to exchanges are often interpreted as a potential precursor to selling, but no sale has been confirmed, and the wallet's ownership has not been verified.
- For context, HYPE is trading around $80, and the US PCE and GDP data are due at 20:30 tonight. The market is already in a sensitive period, and a large amount of tokens shifting from staked to tradable status adds uncertainty on the short-term supply side.
- This is not an isolated signal: HyperLabs, also in the same ecosystem, recently applied to unstake about 179,700 HYPE. The tokens are expected to arrive on the evening of November 4 and will then be handled according to the team's unlock process. HYPE unlocks and outflows have clearly accelerated recently.
My view: Short-term outlook for HYPE is bearish, as the transfer of 387,000 unstaked tokens to an exchange, combined with tonight's macro data releases, raises the risk of near-term selling pressure.
$HYPE
#巨鲸动向 #Hyperliquid #On-chain fund flows
Source: OnchainLens monitoring (cited by PANews and 0x资讯; reported at 12:42 Beijing time on 2026-10-29). Transfers to an exchange do not mean the tokens have already been sold. Wallet ownership has not been verified. For informational purposes only; not investment advice.
Tap the tag to view real-time prices: Do you think this unstaking wave means the whale is preparing to sell in batches, or simply repositioning its holdings?
